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Colonialtown Homes For Sale Over $1,000,000 & Orlando Real Estate

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1615 E Ridgewood St Orlando, FL 32803

$1,399,900
10 Beds
6.5 Baths
6,071 SqFt
Status Active
MLS # O5708697
Property Type Single Family Residence
This incredible income-producing and historic property is a 4 unit multi-family parcel situated on a double lot in the heart of everything downtown Orlando has to offer. This one-of-a-kind property consists of three buildings on just under 1/2 acre of land. The main house, built in 1926, includes 4 bedrooms, 2.5 baths with 10 ft ceilings, original hardwood floors and staircase, fireplace, a basement, large sunroom, true master and a 5th room that could be used as a bedroom. The exterior has been freshly painted along with new sod & landscaping. The 2nd building is located behind the main house and is split into 2 units, each with a 1 car garage. The upstairs unit is 2 beds, 1 bath with hardwood floors, open living space and large master. The downstairs unit is a 1 bed, 1 bath & was updated in 2012. The kitchen features granite, cherry cabinets, tile floors, a master en suite, all with a private patio overlooking the actual “Fern Creek.” The 3rd parcel, “The Carriage House,” with separate mailing address on the second lot, was recently built in 2015. It is 1,161 sq ft, 3 beds, 2 baths, laminate floors, espresso cabinetry, stainless appliances & a large front porch. The large drive has adequate parking onsite. Each unit is separately metered for electricity. Property is currently rented with varying lease dates & nets approximately $71,900/year after taxes & insurance. Property gives opportunity to continue renting all parcels or the ability to live in the main house, while renting the additional parcels.
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